ISF isoft group limited

buyout by csc, page-7

  1. 403 Posts.
    The facts in this article are a little bit distorted. Even if iSoft were sold for $300 mil, it would be at least 9c ps

    Firstly, the borrowing seems to be 203,293 mil and not 260 million. The difference is 60 mil.

    As at 31 December 2010
    $'000

    Senior secured borrowings - 161,592
    Contract funding - 7,724
    Convertible notes payable - 33,682
    Other borrowings - 156
    Finance lease liability -139
    Total - 203,293

    Secondly, Maple-Brown Abbott sold ISF shares a half year ago.

    Major shareholders:
    OCP holds over 260 mil shares
    BlackRock Investment Management (Australia): 65,164,129 - 6.20%
    RJL Investments Pty Ltd: 212,270,019 - 19.90%
    Orbis Group: 74,672,299 - 7.20%

 
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